QQQ achieved a secondary target on the upside and triggered a potential short entry on the close.
IWM achieved its third target and retained relative strength into the close
DIA actually got stopped out of its long position for a loss and triggered a short mid-day. The relative weakness of this market doesn't seem like an encouraging sign.
SPY - achieved primary target and triggered a short on the close. I'm not entirely certain of the target for this one.
XLF had a failed breakout from the narrow consolidation (wedge/triangle formation). Though the daily fast line turned negative the slow line is positive (criteria "1" and a 1c tells us the previous momentum was very strong and dip buyers will likely try to support a pullback).
Also, if the Hourly fast line turns negative it will still likely be FL > SL. So, you kind of have to play it by ear and see how price responds to the underlying support.
IYT showed strength today and reached it's secondary target. If the 3d criteria long setup plays out we'll see a breakout but if the daily fast line rolls over we could see a strong downward move.
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